Google says to buy cybersecurity company Wiz for $32 bn

The Wiz transaction is the largest ever sought by Google oregon genitor Alphabet. Photo: Josh Edelson / AFP/File
Source: AFP

Google said Tuesday it volition get unreality information level Wiz for $32 billion, citing the request for greater cybersecurity capableness arsenic artificial quality embeds itself successful technology infrastructure.

The all-cash woody brings Wiz into the Google Cloud operation, boosting the capableness of consumers to usage "multiple clouds" and providing "an end-to-end information level for customers, of each types and sizes, successful the AI era," the companies said successful a associated property release.

The deepening power of AI makes "cybersecurity progressively important successful defending against emergent risks and protecting nationalist security," the companies said.

The transaction, the largest ever sought by Google oregon genitor Alphabet, volition trial President Donald Trump's openness to ample takeovers aft absorption to specified deals by the medication of Joe Biden.

Alphabet had been adjacent to a Wiz takeover past summer, but the woody fell isolated owed successful portion to regulatory concerns, according to the Wall Street Journal.

Started successful 2020 by co-founder and CEO Assaf Rappaport and a squad who sold a erstwhile task to Microsoft, Wiz volition proceed to enactment and supply services to level led by different tech giants including Amazon Web Services and Microsoft Azure.

Wiz is based successful New York, with offices successful Tel Aviv and 3 different US cities.

In a webcast aft the woody was announced, Rappaport said the work "continuously scans an organization's codification and unreality environments, monitoring them successful existent time" to "prioritize the astir captious hazard based connected existent interaction and blocks progressive threats."

Source: AFP